Loma Negra Compania Industrial Argentina Sociedad Anonima | CIK:0001711375 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Loma Negra Compania Industrial Argentina Sociedad Anonima (CIK: 0001711375)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1711375/000119312518139208/0001193125-18-139208-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1711375/000119312518139208/loma-20171231.xml
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  • ifrs-full:DisclosureOfInvestmentPropertyExplanatory

    15. INVESTMENTS

     

         12.31.2017      12.31.2016  

    Non-current

         

    In other companies

         

    Cementos del Plata S.A.

         330,062        330,062  
      

     

     

        

     

     

     

    Total

         330,062        330,062  
      

     

     

        

     

     

     

    The share of profit (loss) is as follows:

     

         12.31.2017      12.31.2016  

    Yguazú Cementos S.A. (Note 16)

         —          36,631,307  
      

     

     

        

     

     

     

    Total

         —          36,631,307  
      

     

     

        

     

     

     

     

         12.31.2017      12.31.2016  

    Current

         

    Short-term investments

         

    In pesos (1)

         1,982,957,634        470,780,626  

    In foreign currency (2)

         1,007,955,379        98,660,256  

    Loans to related parties – InterCement Brasil S:A. (Note 19)

         —          124,767,892  
      

     

     

        

     

     

     

    Total

         2,990,913,013        694,208,774  
      

     

     

        

     

     

     

     

    (1) The Group holds short-term investments denominated in pesos represented principally by participation in Mutual Funds (726,097,716 and 470,780,626 as of December 31, 2017 and 2016, respectively), Bonds issued by the Central Bank of the Argentine Republic (1,256,394,950 as of December 31, 2017). Such investments accrue interest at an annual nominal rate of approximately 27% and 23.5% as of December 31, 2017 and 2016, respectively.
    (2) The Group holds short-term investments denominated in US Dollars represented by Money Market Mutual Funds for a total amount of 1,007,955,379 and 70,942,028 as of December 31, 2017 and 2016, respectively, and accrue interest at an annual nominal interest rate of 1.8% and 0.1% as of December 31, 2017 and 2016, respectively. As of December 31, 2016, the Group also held short-term investments in Guarani for 27,718,228, represented by Certificate of Deposits, and accrued interest at an annual nominal rate of approximately 4.25%.

    These short-term investments are maintained for investment purposes and are made for variable periods ranging from one to three months, depending on the Group’s fund needs and strategy.